Nike Board Announces CEO Change: John Donahoe to Retire, Elliott Hill to Succeed; Stock Rises 8%

Sep 19, 2024, 08:17 PM

Nike, Inc. has announced a significant leadership change with the retirement of CEO John Donahoe, effective October 13, 2024. The Board of Directors has appointed long-time Nike veteran Elliott Hill to return to the company to assume the roles of President and Chief Executive Officer, effective October 14, 2024. This leadership transition has been positively received by the market, with Nike's stock rising 8% after hours.